TT International Asset Management LTD Acquires 4,694 Shares of TopBuild Corp. (NYSE:BLD)

TT International Asset Management LTD lifted its stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 33.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,781 shares of the construction company's stock after acquiring an additional 4,694 shares during the quarter. TopBuild makes up 0.9% of TT International Asset Management LTD's holdings, making the stock its 15th biggest holding. TT International Asset Management LTD owned about 0.06% of TopBuild worth $5,847,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Versant Capital Management Inc boosted its position in shares of TopBuild by 327.3% during the 4th quarter. Versant Capital Management Inc now owns 94 shares of the construction company's stock valued at $29,000 after purchasing an additional 72 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of TopBuild during the 2nd quarter worth approximately $30,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of TopBuild during the 3rd quarter worth approximately $31,000. Kennebec Savings Bank bought a new stake in shares of TopBuild in the 3rd quarter valued at $45,000. Finally, Quantbot Technologies LP acquired a new position in shares of TopBuild during the 3rd quarter valued at $45,000. 95.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on BLD. StockNews.com upgraded shares of TopBuild from a "hold" rating to a "buy" rating in a report on Tuesday, October 29th. Jefferies Financial Group dropped their price target on TopBuild from $525.00 to $515.00 and set a "buy" rating on the stock in a research note on Wednesday, October 9th. DA Davidson reduced their price objective on TopBuild from $460.00 to $450.00 and set a "buy" rating for the company in a research note on Thursday, November 7th. Seaport Res Ptn downgraded TopBuild from a "strong-buy" rating to a "hold" rating in a report on Friday, December 13th. Finally, Evercore ISI cut TopBuild from an "outperform" rating to an "inline" rating and cut their target price for the stock from $443.00 to $381.00 in a report on Monday, December 16th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $439.38.

TopBuild Stock Up 0.5 %

NYSE BLD traded up $1.43 on Monday, reaching $314.88. The company had a trading volume of 224,842 shares, compared to its average volume of 241,947. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. The company's fifty day moving average is $348.26 and its 200 day moving average is $380.15. TopBuild Corp. has a 52-week low of $302.70 and a 52-week high of $495.68. The stock has a market capitalization of $9.29 billion, a P/E ratio of 15.89, a P/E/G ratio of 2.31 and a beta of 1.84.

TopBuild (NYSE:BLD - Get Free Report) last announced its earnings results on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, beating the consensus estimate of $5.62 by $0.06. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the company posted $5.43 earnings per share. The firm's revenue for the quarter was up 3.6% on a year-over-year basis. Sell-side analysts anticipate that TopBuild Corp. will post 20.95 earnings per share for the current fiscal year.

About TopBuild

TopBuild Corp., together with its subsidiaries, engages in the installation and distribution of insulation and other building material products to the construction industry. The company operates in two segments, Installation and Specialty Distribution. It provides insulation products and accessories, glass and windows, rain gutters, garage doors, fireplaces, roofing materials, closet shelving, and other products.